Common use of No Implied Duty Clause in Contracts

No Implied Duty. The Collateral Trustee will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Documents. The Collateral Trustee will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Documents.

Appears in 13 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement (Foresight Energy LP), Collateral Trust Agreement (Carmike Cinemas Inc)

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No Implied Duty. The Collateral Trustee will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Security Agreement and the other Security DocumentsIndenture. The Collateral Trustee will not be required to take any action that is contrary to applicable law or any provision of this Security Agreement or and the other Security DocumentsIndenture.

Appears in 13 contracts

Samples: Pledge and Security Agreement (Red Oak Capital Fund Series, LLC), Pledge and Security Agreement (MCI Income Fund VII, LLC), Pledge and Security Agreement (Red Oak Capital Intermediate Income Fund, LLC)

No Implied Duty. The Collateral Security Trustee will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Collateral Documents to which it is a party, and no implied covenants or obligations shall be read into this Agreement or any such other Collateral Documents against the Security DocumentsTrustee. The Collateral Security Trustee will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Collateral Documents.

Appears in 4 contracts

Samples: Intercreditor and Proceeds Agreement (Atlas Corp.), Intercreditor and Proceeds Agreement (Atlas Corp.), Intercreditor and Proceeds Agreement (Atlas Corp.)

No Implied Duty. The Collateral Trustee will shall not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security DocumentsIndenture. The Collateral Trustee will shall not be required to take any action that is contrary to applicable law or any provision of this Agreement or and the other Security DocumentsIndenture.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Gladstone Companies, Inc.), Pledge and Security Agreement (Gladstone Companies, Inc.)

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No Implied Duty. The Collateral Security Trustee will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Collateral Documents to which it #4855-7953-3086 is a party, and no implied covenants or obligations shall be read into this Agreement or any such other Collateral Documents against the Security DocumentsTrustee. The Collateral Security Trustee will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Collateral Documents.

Appears in 1 contract

Samples: Intercreditor and Proceeds Agreement (Atlas Corp.)

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